Breaking Down Steve Ballmers Letter to Microsoft Shareholders

In his annual letter to shareholders, Microsoft CEO Steve Ballmer spells out the future of Microsoft, as well as the "fundamental shift" taking place in its business.

The letter is an extension of what Ballmer has been hinting at for the last few months: Microsoft is changing and the way it views its business is changing too.

We've parsed through the shareholders letter and come away with a few key takeaways.

Microsoft: A Devices and Services Company

At the start of the letter, Ballmer calls Microsoft a "devices and services" company. Ballmer writes:

This is a significant shift, both in what we do and how we see ourselves. As a devices and services company. It imp…
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